Why credit card payment cannot be used

The reason why credit card cannot be used for the current transaction may be due to the following reasons:

(1) The merchant does not support credit card collection. When this happens during offline shopping, the main reason is that the merchant has not opened a credit card collection service. At this time, consumers should pay with a debit card.

(2) The card issuing bank prohibits the transaction. Credit cards cannot be used for some types of transactions, such as transfers, online loan repayments, credit card repayments, etc. Credit cards cannot be used for transactions.

(3) The transaction amount is limited to the single payment limit of the credit card. Banks generally stipulate the maximum amount for a single transaction with a credit card. If the price of the purchased goods is high, you cannot use the credit card for transactions.

Credit card application process:

(1) Application: The application method is generally by filling in a credit card application form. The content of the application form generally includes the applicant’s name, basic information, and financial status. Status or source of income, guarantor and its basic information, etc. And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form. The application form is accompanied by a credit card use contract. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have the applicant's signature. ,

(2) Information: Information includes the information of the principal cardholder, the applicant for the supplementary card, the guarantor's information, the statement and signature of the applicant for the principal card and the applicant for the supplementary card, and some other information.

(3) Review: After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. The creditworthiness of the applying unit must be evaluated, and the relevant circumstances of the guarantor must also be reviewed for individuals.

(4) Card issuance: After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the issuing bank for settlement after shopping, consumption and cash withdrawal.

(5) Card opening: Since the credit card application is sent by mail, etc., there is no guarantee that the recipient is the applicant. In order to protect applicants and banks from fraud losses, the credit card has set up a card opening procedure before it is officially launched. Card opening is mainly done by phone or online. The relevant personal information provided during the application is checked. Once the information is met, the card opening process is completed. At this point, the applicant becomes the card holder and can officially start using it after signing on the back of the card. After opening a credit card, you generally need to set up a password for the card. After a credit card merchant or bank accepts a credit card, it must review the validity of the credit card and the identity of the cardholder.

(6) Identification: There should be at least the following information on the credit card: front: name and logo of the issuing bank, credit card number (organization logo) and holographic anti-counterfeiting mark, name in English or pinyin, activation date (generally Calculated to month), validity date (generally calculated to month), the latest issued card has a chip on the front, and the chip account and the card magnetic stripe account are two relatively independent accounts. Back: Card magnetic stripe, cardholder signature field (must sign after activation), service hotline number, last four digits or all of the number (to prevent fraudulent use), credit card security code (on the signature field on the back of the credit card, followed by The three digits after the last four digits are used for credit card activation, password management, TV, phone and online transactions, etc.).

(7) Authorization: The merchant and bank confirm that the credit card is valid, and contact the bank to request authorization according to the contract signed with the card issuer. Authorization is to further confirm the cardholder's identity and the amount that can be used. Authorization is generally made when the usage amount specified in the contract is exceeded. After receiving the authorization notice, the card-issuing bank will issue an authorization instruction based on the deposit balance of the cardholder's deposit account and the bank's agreement to allow overdraft, and reply whether it agrees to conduct the transaction.

(8) Use: Credit cards are usually only used by the cardholder himself, and lending them to others is generally a violation of the use contract.

(9) Card cancellation: Before canceling a credit card, the account balance must be cleared. The entire process of canceling the card must be completed within 45 days after the application is submitted.

Why does the credit card always show payment failed, guys? ?

If you are using a China Merchants Bank credit card, common reasons for failure of online payment (including mobile payment):

1. The card does not have the online payment function or exceeds the online payment limit. You can log in to mobile banking (web version) and enter the "Online Payment" settings and modifications;

2. The query password has not been entered. If you forget to check your password, click Reset immediately

3. Exceeded our bank's single transaction limit for specific payment channels. 4. The available credit limit on your credit card is insufficient.

Can’t pay with credit card via WeChat? Check out these reasons

In addition to swiping the credit card for consumption at the POS, credit cards can also be bound to WeChat for consumption at merchants that support credit card payment. For example, payment in some WeChat stores can be made through offline stores. Scan the QR code to pay. However, cardholders often encounter situations when they are unable to pay with their credit card via WeChat. Here are some reasons why your credit card cannot be paid via WeChat.

Analysis of reasons why credit card payment cannot be made via WeChat:

Generally, there are many reasons why credit card payment cannot be made via WeChat, including merchants not supporting credit card payment, insufficient credit card available limit, credit card exceeding the payment limit, etc. , the details are as follows:

1. Merchants do not support credit card payment:

Although many merchants also support WeChat payment, if you pay to the merchant by scanning the QR code, you can generally only use Debit card instead of credit card, because scanning the QR code to pay is equivalent to transferring money, and credit cards cannot transfer money.

2. Insufficient available limit:

As we all know, credit cards can only be consumed when the available limit is sufficient. If your credit card has no available limit, or the amount of the product is greater than your payment If the merchant uses a code scanner to scan your payment code, the payment will fail due to insufficient credit.

3. Exceeding the payment limit:

Credit card WeChat payment has a limit. This limit is divided into three types: single limit, single day limit and single month limit. The specific limit is as follows: The bank regulations shall prevail. Each bank has different limits. If the limit is exceeded, payment cannot be made. For example, the single transaction limit for a China Merchants Bank credit card is 30,000 yuan, while the single transaction limit and daily limit for a Bank of Communications credit card are both 10,000 yuan.

The above is the relevant introduction to "Can't pay with credit card via WeChat? Check if it's due to these reasons." All in all, there are many reasons why the credit card cannot be paid via WeChat. You can use the above reasons to see where the error is. If you really can't find the reason, it is recommended to call the customer service number of the credit card issuing bank directly to consult customer service.

Why can’t I pay by scanning the QR code with my credit card?

If credit card payment cannot be made via WeChat, there are several possible situations:

1. The merchant does not support credit card payment:

Although many merchants also support WeChat payment, But if you pay a merchant by scanning a QR code, you can generally only use a debit card, not a credit card, because paying by scanning the QR code is equivalent to transferring money, and credit cards cannot transfer money. After binding a credit card, the payment partner must be a merchant, such as Weidian. If the other party is an individual, there is no way to pay with a credit card, only balance or a bound debit card.

The specific usage process is as follows: 1. After the binding is successful, if you want to pay when shopping, click Wallet → Make Payment. 2. If the merchant has a code scanning machine, the merchant can scan your payment code, or you can click to pay manually. Select credit card as payment method (if your credit card is gray and cannot be selected, it means that this store does not support credit card payment)

2. Insufficient available credit:

As we all know, credit cards are only available when You can only consume when you have sufficient credit limit. If your credit card has no available limit, or the product amount is greater than your payment amount, and the merchant uses a QR code scanner to scan your payment code, the payment will fail due to insufficient credit limit.

3. Exceeding the payment limit:

Credit card WeChat payment has a limit. This limit is divided into three types: single limit, single day limit and single month limit. The specific limit is as follows: The bank regulations shall prevail. Each bank has different limits. If the limit is exceeded, payment cannot be made.

4. Network problems during payment:

If payment fails, first of all, everyone should check the signal condition of their mobile phones, because only when the signal is good, WeChat can succeed Payment, if the payment fails due to mobile phone signal, you can try shutting down and restarting or disconnecting from the network and reconnecting.

It can be seen that the reasons for the failure of binding credit card payment on WeChat can be divided into two types: one is objective factors, such as network signals, merchants, etc.; and the reasons are card reasons, such as status, limit, etc.

Why does the credit card show payment failure?

1. Online payment is not activated

If it is the first time to swipe the card and then fails, it may be because online payment has not been activated. function resulting in payment failure.

2. Network problems

Due to unstable network when paying by credit card, the system did not receive the payment application in time or the payment was submitted multiple times due to the above reasons and the page was refreshed repeatedly. The application ultimately resulted in payment failure.

3. Unauthorized transaction

If the card used for consumption is a 3D card, the 3D code must be filled in during the payment process. If it is not filled in, the system will judge that the transaction is not authorized and refuse to deduct the money.

Another possibility is that the credit card issuer did not authorize the transaction.

4. The single payment limit is too high

The payment amount for a single consumption exceeds the maximum single payment amount of the credit card, or exceeds the maximum single payment set by the system Forehead.

5. IP or address

Use the same IP multiple times for payment in a short period of time, or make payment at a high-risk address determined by the system. The former system will determine that these transactions may be suspected of cashing out, etc. and other illegal activities, and the payment will fail.

In the case of the latter, if the consumption area is listed as a high-risk address by international credit card organizations, the system will determine that the transaction may be a high-risk transaction and the payment will also fail.

6. Credit card has bad records

If the credit card used by the consumer has other bad transaction records such as refusal of payment, the system will also refuse to deduct the money, resulting in payment failure. .

Why credit card payment cannot be made

Several situations in which the bank refuses to pay

1. Bank card limit

Currently, banks do not allow payment through third parties. The amount of channel payment is limited. If the payment exceeds the limit, the bank will reject the transaction.

2. Credit card with bad record

If you choose a credit card and your credit report currently has a bad record, the bank may suspend your payment permissions and refuse to pay. .

3. The bank card has expired or been reported lost

4. The transaction system determines that there is a risk

Consumers pay multiple times with the same IP within a short period of time. Or the IP paid by the consumer comes from an area classified as a high-risk area by international credit card organizations and the charge is refused.

5. Other situations

For example, if you have too many wrong payment passwords and you are locked, there is an error in the bank's system, or your account has been frozen, etc.

Bank cards refer to credit payment instruments issued to the public by approved commercial banks (including postal financial institutions) with all or part of the functions of consumer credit, transfer settlement, cash deposits and withdrawals, etc.

Bank cards reduce the circulation of cash and checks, allowing banking business to break through the limitations of time and space and undergo fundamental changes.

Card Types

Classification Methods

Generally, bank cards are divided into credit cards and debit cards based on whether they grant the cardholder a credit limit. In addition, bank cards can also be divided into magnetic stripe cards and chip cards according to different information carriers;

According to whether the issuing entity is in the country, they are divided into domestic cards and overseas cards;

According to different issuing objects Divided into personal cards and corporate cards;

According to different account currencies, they are divided into RMB cards, foreign currency cards and dual-currency cards.

Debit cards are divided into transfer cards, special cards and stored-value cards according to different functions. Debit cards cannot be overdrawn. Debit cards have the functions of transferring money, depositing and withdrawing cash, and spending money. A special card is a debit card used in a specific area and for special purposes (referring to purposes other than department stores, restaurants, and entertainment industries). It has the functions of transferring funds, depositing and withdrawing cash.

A stored-value card is a prepaid wallet-style debit card in which the bank transfers funds to the card for storage at the request of the cardholder and directly deducts funds from the card during transactions.

Debit card [debitcard] can be used for consumption online or at POS, or for transfer and withdrawal through ATM. Overdraft is not allowed, and interest is calculated on the amount in the card based on current deposits. Funds are withdrawn directly from the savings account when spending or withdrawing money. Debit cards generally require a password (PIN) when used. Debit cards can be divided into ordinary cards, gold cards and platinum cards according to their levels; they can be divided into domestic cards and international cards according to their scope of use.

Credit cards are divided into credit cards and quasi-credit cards. A credit card refers to a credit card in which the card-issuing bank gives the cardholder a certain credit limit, and the cardholder can consume within the credit limit first and repay later. A quasi-credit card refers to a credit card in which the cardholder first deposits a certain amount of reserve fund as required by the bank. When the reserve fund is insufficient to pay, the cardholder can overdraw within the credit limit specified by the card-issuing bank.

This is the end of the introduction to why credit card payments cannot be made and why credit card payments cannot be made using the Rural Credit Cooperative’s payment QR code. Have you found the information you need?